EMERALD RESOURCES NL — Share Issue/Capital Change 2020

Feb 11, 2020

Notification of Consolidation/Split

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Announcement Summary

Entity name

EMERALD RESOURCES NL

Applicable security for the reorganisation

EMR ORDINARY FULLY PAID EMRAB OPTION EXPIRING VARIOUS DATES VARIOUS PRICES

Announcement Type

New Announcement

Date of this announcement

Wednesday February 12, 2020

Reorganisation type

Security consolidation

Trading in the post consolidation or split +securities commences on a deferred settlement basis

Wednesday March 25, 2020

Record Date

Thursday March 26, 2020

Issue Date

Thursday April 2, 2020

Refer to below for full details of the announcement

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Announcement Details

Part 1 - Entity and announcement details

1.1 Name of +Entity

EMERALD RESOURCES NL

1.2 Registered Number Type Registration Number ACN 009795046

1.3 ASX issuer code

EMR

1.4 The announcement is

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New announcement

1.5 Date of this announcement

Wednesday February 12, 2020

1.6 Securities affected by the consolidation or split

ASX +Security Code ASX +Security Description EMR ORDINARY FULLY PAID EMRAB OPTION EXPIRING VARIOUS DATES VARIOUS PRICES

Part 2 - Approvals

2.1 Are any of the below approvals required for the consolidation or split before business day 0 of the timetable? Security holder approval Court approval Lodgement of court order with +ASIC ACCC approval FIRB approval Another approval/condition external to the entity required to be given/met before business day 0 of the timetable for the consolidation or split.

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Yes

2.2 Approvals

Notification of Consolidation/Split

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Notification of Consolidation/Split

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Approval/Condition

+Security holder approval

Date for determination Friday March 13, 2020

Is the date estimated or Approval actual? received/condition met? Actual

Comments

Shareholder approval at General Meeting to be held on 13 March 2020

Part 3 - Consolidation or split timetable and details

3.1 +Record date

Thursday March 26, 2020

3.2 Date of +security holder meeting

Friday March 13, 2020

3.2a Effective date of consolidation or split

Monday March 23, 2020

3.3 Last day for trading in the pre consolidation or split +securities

Tuesday March 24, 2020

3.4 Trading in the post consolidation or split +securities commences on a deferred settlement basis.

Wednesday March 25, 2020

3.5 Record date

Thursday March 26, 2020

3.6 First day for entity to update its register and to send holding statements to +security holders reflecting the change in the number of +securities they hold.

Friday March 27, 2020

3.7 Last day for entity to update its register and send holding statements to +security holders reflecting the change in the number of +securities they hold and to notify ASX that this has occurred. (+Issue Date) Thursday April 2, 2020

3.8 Trading starts on a normal T+2 basis

Friday April 3, 2020

3.9 First settlement of trades conducted on a +deferred settlement basis and on a normal T+2 basis

Tuesday April 7, 2020

Part 4 - Event type and details

4.1 The event is

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+Security consolidation

Notification of Consolidation/Split

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Notification of Consolidation/Split

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4.1a Consolidation ratio: the +securities will be consolidated on the basis that every

10

(pre-consolidation) +securities will be consolidated into 1

(post-consolidation) +security (/ies).

4.2 Scrip fraction rounding

Fractions rounded up to the next whole number

Part 5 - +Securities on issue before and after consolidation or split

5.1 +Securities on issue before and after the consolidation or split	5.1 +Securities on issue before and after the consolidation or split	5.1 +Securities on issue before and after the consolidation or split
ASX +Security Code	ASX +Security Description
EMR	ORDINARY FULLY PAID
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Quoted	consolidation or split	consolidation or split	Estimated
	3,801,727,533	380,172,753
ASX +Security Code	ASX +Security Description
EMRAB	OPTION EXPIRING VARIOUS	DATES VARIOUS PRICES
Quoted/unquoted	Number on issue pre	Number on issue post	Estimate/Actual
Unquoted	consolidation or split	consolidation or split	Estimated
	48,415,000	4,841,500
5.2 Exercise price of options
ASX +Security Code	ASX +Security Description
EMRAB	OPTION EXPIRING VARIOUS	DATES VARIOUS PRICES
Quoted/unquoted	Exercise price pre consolidation or Exercise price post		consolidation or
Unquoted	split	split
	$ 0.00000000	$ 0.00000000

Part 6 - Further information

6.1 Further information relating to the consolidation or split

The consolidation is subject to shareholder approval which is being sought at the General Meeting on 13 March 2020

Notification of Consolidation/Split

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Notification of Consolidation/Split

6.2 Additional information for inclusion in the Announcement Summary

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Notification of Consolidation/Split

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